Jil Tracy
- Republican
- Senator
- District 50
Primary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the amount of the taxes imposed under the Act shall be reduced in each year by 20%. Provides that no tax shall be imposed under the Act for persons dying on or after January 1, 2030 or for transfers occurring on or after January 1, 2030. Provides that the Act is repealed on January 1, 2031. Effective immediately.
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Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Seth Lewis
Added as Co-Sponsor Sen. Terri Bryant
Added as Co-Sponsor Sen. Patrick J. Joyce
Filed with Secretary by Sen. Jil Tracy
Referred to Assignments
First Reading
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| Introduced | HTML PDF |
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